Affiliates of American Securities, owner of the US-domiciled global manufacturer of specialty chemicals, Emerald Kalama Chemical, have entered into a definitive agreement to sell Emerald to German leading specialty chemicals company, Lanxess. The sale is expected to be completed in the second half of 2021, following customary and requisite approvals.
The sale will include all of Emerald’s operations in Washington State, the UK, and the Netherlands. These facilities are used to manufacture consumer-friendly preservatives, nature-identical aroma chemicals, low-VOC coalescents, and non-phthalate plasticisers and modifiers.
Emerald, which specialises in a wide range of material solutions for rubber, including rubber vulcanisation accelerators; adhesives, foods, beverages, fragrances, cosmetics, home care, vinyl, and other consumer and industrial products, had been formed in 2006 from the divesture of several specialty chemical businesses from Lubrizol, and was acquired by affiliates of American Securities in 2014.